Samsung India Electronics is planning
to set up a new manufacturing unit to produce one lakh air-conditioners per
year. The plant, estimated to cost Rs.20 crore, would be set up in the Noida
premises of the company.
The AC segment has been the fastest growing
segment for the company, which also manufactures microwaves, colour televisions
and other white goods.
The company has estimated market share
in the Indian AC market at around 15 per cent.